Choosing the right MBA

Undertaking an MBA programme is a significant decision to make. So when you understand that it is your real desire, try to research your choice of programme and business school as thoroughly as possible. In this post I will outline some of the facts which require attention, such as the international accreditation, continuous presence in both prestigious top 100 rankings, and national leadership. These facts may certainly influence your final decision, but they are not crucial. That is why I want to describe to you a couple of things which helped me to form my preference of MBA programme.

The first one happened when I visited Smurfit Business School last year. The only thing I knew was that somewhere in Blackrock there was a university which offered a top MBA programme. There I met one member of admission team. During our conversation and a little excursion through the university building I got quite a distinct picture of the programme and of the School itself. There I could really feel the spirit of the School and was seriously impressed with their professional approach, which I could see in every little detail. So my first advice to individuals interested in an MBA programme is to go and see the campus, speak with people and ask questions.

The second piece of advice I would offer relates to alumni of UCD MBA programme. In order to explore the School more deeply, I wrote to some graduates of last years class and asked them to express their opinions. They didn’t want to advertise UCD MBA programme, but they wanted to provide me with their knowledge and help me to make the right decision. The key is to find and write to current alumni, speak with them, and again, ask questions. Facebook and Linkedin are quite helpful in this case and I found alumni more than willing to assist..

In conclusion, I can say that these things really work and that I am reassured and absolutely happy with my programme choice. If some readers of this blog are curious about UCD Full-Time MBA programme, please, feel free to write to me and ask your questions!

Daniil Matcoian

Full-Time MBA 2014-2015

Advice on preparing for the GMAT

Some insights from Gerry Grenham who runs Graduate Management Admissions Test® (GMAT)  preparation sessions for the Smurfit school to assist our MBA candidates prepare for the test which is an element of our entry criteria. Preparation is all for the GMAT, give yourself 4-6 weeks to prepare for it to give yourself the best chance of scoring well and to familiarise yourself with the test structure and strategy.

Gerry advises that The Graduate Management Admission Test® has a number of unique features which have implications for how candidates should approach the test:

1. Computer Based

The questions are presented one-at-a-time by computer and must be answered in the order presented, without skipping any question. Candidates cannot change or return to a previously answered question. There is a heavy penalty incurred for unanswered questions. Consequently, time management and strategic answering are critical. Candidates should not spend too much on any one question (the average time should be approx. two minutes per question). To register an answer within this short time, candidates will need to quickly gauge the question level of difficulty relative to their knowledge. If deemed to be too difficult or time-consuming you should guess strategically (i.e. if one or more of the solutions presented can be ruled-out then select one of the remaining solutions at random). If the candidate has no idea of the solution then select one of the five possible answers and proceed to the next question without losing time. If there are unanswered questions at the end – guess; best to have a one in five chance of a correct answer than be heavily penalised for unanswered questions.

2. Adaptive

The test aims to ‘home-in’ on a candidate’s level of ability. It will tend to offer a number of quite straight-forward questions at the start. If the candidate gets these early questions right it progressively increases the level of question difficulty. Getting questions of increasing difficulty as you progress thru’ the test is a good sign. Remember – earlier correctly answered questions have been ‘banked’ and will boost your GMAT score. You can answer subsequent questions with increasing confidence.

3. Memory & Calculation

GMAT is designed to test general verbal and quantitative reasoning skills. It is not a memory test; it does not test knowledge of mathematic formula. Similarly, it does not test candidate ability to do complex arithmetic calculations (hence calculators are NOT allowed – candidates can only use a pen & erasable sheet supplied by the exam centre). As a consequence, numbers supplied in questions and answers tend to be ‘convenient ’ – they simplify easily by cancellation, multiplying easily in calculations and tend to have whole number factors to cut down on non value-adding calculation.

4. Concentration

GMAT demands concentration and attention to detail. Incorrect answer options supplied appear highly feasible and reasonable – the most plausible incorrect answers, corresponding to the most logical incorrect errors, are supplied along with the right answer for each question. Candidates need to maintain concentration otherwise they will be lead to a solution that appears among the list of possible answers supplied, but is in fact incorrect.

For further information the GMAT website is www.mba.com.